A nearly two-decade veteran of Myer has resigned in the latest sign of upheaval at the troubled department store chain.
Myer director of national store operations Nick Abboud tendered his resignation yesterday after 19 years with the company.
Mr Abboud had been in charge of "all aspects of Myer's store operations from conceptualisation to delivery of operational strategies."
The departure comes just a week after Myer reported that profits had plummeted 14.3 per cent in the year to June as it battled higher costs, weak consumer demand and once-in-a-generation shift in the way people shop. Myer, like upscale rival David Jones, has seen sales tumble as more people shop online, often at overseas sites.
The company's earnings fell to $139.3 million in the year to June, excluding one-off items, while sales declined 1.3 per cent to $3.1 billion.
In last week's results announcement, Myer flagged the closure of its Fremantle store in 2013 and its Elizabeth store in South Australia in 2014.
Myer has been contacted for comment.
More to come
